EARN $1000 WITH YOUR FIRST CONTRIBUTION
PSW Savings Bonus Program - APPLY NOW!
The my65+ PSW Savings Bonus Program offers eligible Personal Support Workers up to $7,500 in bonuses over two years—simply for saving for retirement.
Check If You Are Eligible
You may be eligible if you:
- Work as a Personal Support Worker (PSW) as defined by your job duties. This means in your role you provide assistance with personal care, daily living activities in homecare, in the community, or in healthcare settings.
- Have worked at least 90 days and 156 hours in the past year as a PSW
- Work for an employer that contributes 1% or less of your pay toward retirement benefits
See other qualifying job titles
Other job titles that qualify are:
- Health care aide
- Hospital attendant
- Long term care aide
- Nurse aide
- Nursing attendant
- Orderly
- Patient care aide
- Patient service associate
- Personal care attendant – medical
- Psychiatric aide
- Resident care aide – medical
- Attendant for persons with disabilities – home care
- Family caregiver
- Home support worker
- Live-in caregiver – seniors
- Personal aide – home support
- Personal care attendant – home care
- Respite worker – home support
- Doula
Eligibility Verification
Participants will be asked to self‑attest their eligibility during sign‑up. Proof of eligibility may be required to confirm participation.
You must have a my65+ account to apply
Earn Up to $7,500 in Bonuses
Conditions Apply
First Contribution Bonus
$1,000
Earn $1,000 with your first contribution of $25 or more.
Matching Bonus
Up to $5,000
Earn a dollar-for-dollar match on every contribution up to a maximum of $5,000. Minimum of $25 per contribution.
Transfer Bonus
$500
Earn a bonus of up to $500 when you transfer your RRSP or TFSA into my65+.
Continuous Savings Bonus
$1,000
Earn a $1,000 bonus when you contribute monthly for for 1 year. Minimum of $25 per contribution.
How to Participate
Applications are open!
Before you can apply, you must open a my65+ account.
Step One
Log in or create your my65+ account
There is no cost to join, and you can use your mobile phone or computer.
Make sure to have your SIN ready.
Step Two
Apply for the PSW Savings Bonus Program
Once you’re logged into your my65+ account, click on the “PSW Savings Bonus” box.
Then tab “Apply Now” to get started.
Step Three
Make your first contribution and earn $1.000
To earn your first $1,000 bonus, simply make your first contribution!
You’ll want to make sure you have your banking information ready.
Step Four
Apply for the program
When you get your email notification, log in to your my65+ account and apply to the PSW Savings Bonus Program.
Step Five
Make your first contribution
Unlock $1,000 on your first contribution and save consistently to unlock two more bonuses.
Step Six
Transfer RRSP or TFSA
Unlock a 4th bonus by transferring in your existing RRSP or TFSA.
Your First Step to the PSW Bonus: Enroll in the my65+ Plan
To apply for the PSW Bonus, you need a my65+ account first.
Click any chapter below to skip ahead:
- What You Need (0:34)
- Go to the Website (1:13)
- Set Up Your Account (1:57)
- Check Your Email (2:39)
- Your Details (3:12)
- Your Retirement Plan (4:16)
- Your Savings Goal (5:20)
- Government Benefits (5:59)
- Your Existing Savings (6:43)
- Investment Options (7:33)
- Review & Confirm (8:14)
- Your Address & SIN (8:37)
- Terms & Conditions (9:20)
- You’re Enrolled! (9:56)
Savings + Bonus Calculator
Estimate the Impact of Your Contributions
To help you understand the value of participating, use this calculator to explore different scenarios and see how your contributions and bonuses could grow over time.
You’ll be able to:
- Enter a monthly contribution amount
- Add a one‑time transfer from an RRSP or TFSA
- See how steady savings and bonuses can add up over time
This gives a clearer picture of how consistent contributions combined with a transfer can significantly increase the value of your retirement account.
Assumes 24 months of deposits, matching bonus capped at $5,000, transfer bonus + 10% of transfer amount capped at $500, plus $1,000 first contribution bonus and $1,000 continuous savings bonus (if eligible).
See how much you can earn and save:
| Contributions | |
| Total contributions (24 months) | $0 |
| Transfer | |
| Total amount transferred | $0 |
| Bonuses | |
| FIRST CONTRIBUTION BONUS | $0 |
| CONTINUOUS SAVINGS BONUS | $0 |
| MATCHING BONUS | $0 |
| TRANSFER BONUS | $0 |
| Total bonus | $0 |
Sign Up Now
Backed by a $29.9 million investment from the Government of Canada
This pilot program is delivered through my65+, the retirement savings plan built specifically for healthcare workers.
Personal Support Workers are the backbone of our healthcare system, yet many don’t have access to meaningful workplace retirement savings.
The my65+ PSW Savings Bonus Program, launching in late March 2026, is designed to help close that gap by rewarding consistent saving and making it easier to grow your retirement income.
About my65+
More Than Just a Savings Account
my65+ is a retirement savings plan created by SEIU Healthcare and Common Wealth to support healthcare workers at every stage of their career.
Designed to be portable, accessible, and easy to use, my65+ helps workers build long‑term financial security—no matter where their work takes them.
The my65+ plan includes:
- Digital tools designed specifically for healthcare workers
- Clear, easy‑to‑understand financial education
- Ongoing support throughout your career—from your first job and throughout your retirement
- A portable account that stays with you even if you change jobs
FAQs
What is the my65+ PSW Savings Bonus Program?
It’s a 2-year retirement savings program made just for Personal Support Workers in Canada. The Government of Canada funds it. You save a little each month, and you earn real cash bonuses on top of what you put in.
Am I eligible?
If you’re a Personal Support Worker in Canada who does not get retirement benefits from their employer, there’s a good chance you qualify. The program is open to PSWs (see full list of qualifying titles and job duties) across the country — you don’t have to be part of SEIU Healthcare to apply. Check your eligibility right here.
How much can I earn in bonuses?
The first bonus is $1,000 — and all you have to do to earn it is make your first contribution of $25 or more. That’s it. From there, you can earn up to $7,500 in total bonuses before the program ends on March 31, 2028. The sooner you start, the more time you have to earn.
How do I sign up?
The whole process is online and takes about 15 minutes. You can get started right on this page. And if you get stuck at any point, real people are available to help — you’re not on your own.
Is this really from the Government of Canada? I’m worried it could be a scam.
That’s a totally fair concern. If you are feeling unsure, you can verify that this program is real by visiting the Government of Canada website and reading about the grant here.
How much do I have to save each month?
You can start with as little as $25 a month. That’s enough to earn the $1,000 enrollment bonus, and dollar-for-dollar matching all the way up to $5,000. You can save more if you want to earn additional bonuses — but you set the amount. Save what works for your life right now, and adjust when things change.
Is it too late to join?
Not at all. The program runs until March 2028, and spots are still available. There’s enough time to earn the full $7,500 in bonuses if you start now. Every month you wait is just bonus money sitting on the table unclaimed. Today is a good day to start.
What happens to my money?
Your savings go into a registered account in your name — either an RRSP or a TFSA, depending on what works best for you. You own it. It stays invested and grows over time. This isn’t a one-time payout that disappears. It’s your money, growing for your future.
Can I stop or change my contributions?
Yes. You can adjust how much you contribute. Life shifts, and this program is built with some flexibility in mind. If you have questions about your specific situation, our team is here to help.
I have questions. Who can I talk to?
We’ve got you. You can reach our team directly — no robots, no runaround. Whether you want to know if you qualify, how the bonuses work, or just want someone to walk you through it step by step, we’re here.
Will my bonuses be taxed?
Yes — the bonus money deposited to your account is considered a taxable benefit, which is another way of saying the government counts it as income. At the end of the year, my65+ will send you a T4A form that reports this to the Canada Revenue Agency. When you file your taxes, you’ll owe tax on that amount at your regular income tax rate.
The good news: you’re still building retirement savings that grow in a registered account (RRSP or TFSA) — and the tax treatment on those contributions works the same way it does for anyone saving for retirement.
For more information or help with tax-related questions, contact us at .
Should I open an RRSP or a TFSA? What’s the difference?
Both are government-registered savings accounts — and both are good options. Here’s the short version of how they work:
A TFSA (Tax-Free Savings Account) uses money you’ve already paid tax on. From there, everything grows tax-free. When you take money out, you pay no tax on it. Simple.
An RRSP (Registered Retirement Savings Plan) works differently. Your contributions are tax-deductible, which means you get a tax refund cheque in the spring. But when you withdraw the money in retirement, you pay tax on it then (usually at a lower tax rate)
We can’t tell you which one is right for you — that depends on your personal situation. But here’s a general rule of thumb that might help:
If you earn under $50,000 a year, a TFSA may work better for you. Because you’re in a lower tax bracket, the RRSP tax deduction won’t stretch as far — but a TFSA still gives you tax-free growth and flexibility.
If you earn over $50,000 a year, an RRSP may give you more value. The higher your income, the bigger the tax refund you’ll get back at tax time.
Why do you need my SIN number?
Your Social Insurance Number is required to open a registered retirement account in Canada — that’s true whether you’re opening an RRSP, a TFSA, or any other type of bank account. Your information is kept secure and is only used for program administration. This is standard practice for any registered savings account in Canada.
Can I withdraw the bonuses right away?
Not immediately — bonus funds have a two-year waiting period from the date you’re accepted into the program. After that, they’re yours to access. The waiting period exists because this is a retirement savings program, and the bonuses are meant to grow with you over time. Two years goes faster than you think, and in the meantime, that money is still sitting in your account, working for you.
What if I need to withdraw the money for an emergency?
This program is designed to grow your retirement savings over time, so the intention is that your money stays invested and works for you. That said, if your circumstances change and you need to access your own contributions, that option is available to you.
Bonus funds are different — those have a two-year waiting period from the date you joined the program before you can access them.
For example, if you contributed $1,000 of your own money and earned $2,000 in bonuses, and you need to access funds, you can withdraw your $1,000. The $2,000 in bonuses stays put until the two-year mark.